Wow, so sorry, would you mind telling us of just one person who has got some thing back yet??? many thanks in advance.
Apology accepted
I have got something back, and am aware of several others - although it is not for me to publicly provide details discussed in confidence. I hope Ironhalo doesn't mind me using an old post of his as a further example:
I had this response:
snip
As for the CBA/Colonial, while I have no doubt that they are not acting in my best interests, at least they had the temerity to ring me up, apologise, and ask how they could remedy the situation, and fix the errors they incurred. Which is more than can be said for some. My mother was one of the test cases and has been awarded a six-figure settlement. It would be fair to say that this is just.
snip
There have also been several media articles attesting to the fact that compensation agreements have been entered into, such as the following:
http://www.smh.com.au/business/asic-talks-with-storm-collapse-victims-20100319-qmbk.html
CBA has so far made settlement offers to 350 of Slater & Gordon's clients whose claims involved margin loans. More than 150 clients have accepted the offers.
The 350 offers referred to in the article are only the first "batch" - CBA hopes to have all offers made by the end of May apparently.
Whether ex-stormers accept the offers made, decide to wait to see what ASIC comes up with, or pursue an alternative legal remedy is up to each individual.
When I read this sort of venomous post -
(originally posted by Pilots... ) GG, How true your post is, come back here in two years and we will see the same people crying about how they have been milked again.
it reminds me that there have been many posters on this thread who unequivocally stated that nobody would ever see any compensation from a bank, and neither should they. Many felt that any compensation wasn't "deserved" even though they clearly could not possibly be aware of each person's circumstances. Some even appeared to be personally affronted that compensation could be granted. Some seem to find it difficult to swallow that compensation could be granted to ex-stormers, who
clearly have only themselves to blame
, when they've had to bear the cost of their own past mistakes uncompensated.
I've often wondered if some people would be capable of entertaining the idea that that banks bear some culpability in "the storm affair" even if Ralph Norris himself personally told them so - as it is contrary to their own opinion of how things ought to unfold.
Pilots, you certainly haven't been alone on this thread in voicing the opinion that ex-stormers had it coming and shouldn't expect to receive any compensation for their own stupidity (although you have been one of the most derogatory).
Personally, I would like to thank those such as Carey Ramm who provided some much needed positive words at times when many of us needed some encouragement to continue to hope for a fair outcome. There are indeed many of us today who are in a much better position than we were a year ago, despite many assurances that we would (and should) get nothing.